2024-10-24T14:09:37-05:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 581341370 THE ODD FELLOWS HOME FOR THE ELDERLY OF NORTH CAROLINA INC ODDF 3367650424 201 PARK RIDGE CIRCLE WINSTONSALEM NC 27104 BOBBY BOLES PRESIDENT 3367650424 2024-10-24 1 0 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z COUNTRY VILLAGE APARTMENTS BOBBY BOLES 201 PARK RIDGE CIRCLE WINSTONSALEM NC 27104 1921763 0 X N/A X 1977 NC THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN WINSTON-SALEM, NORTH CAROLINA KNOWN AS COUNTRY VILLAGE APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 7 7 0 0 0 0 849114 1222977 509076 557802 36262 98261 20079 42723 1414531 1921763 0 0 0 0 0 0 0 0 0 870410 1016646 870410 1016646 544121 905117 2801381 3709700 129369 132571 2672012 3577129 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN WINSTON-SALEM, NORTH CAROLINA KNOWN AS COUNTRY VILLAGE APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 0 0 615458 557802 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 150 UNIT APARTMENT COMMUNITY IN WINSTON-SALEM, NORTH CAROLINA KNOWN AS COUNTRY VILLAGE APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 615458 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 0 1 1 0 0 1 0 0 1 0 0 0 X LAURA GRIMES 3367650424 PO BOX 25168 WINSTONSALEM NC 27114 X BOBBY G BOLES PRESIDENT 0.50 X X 0 0 0 STEVE PENDRY DIRECTOR 0.50 X 0 0 0 BOB FULLER VICE PRESIDENT 0.50 X X 0 0 0 DAVID CRUTCHFIELD SECRETARY 0.50 X X 0 0 0 BILL HAYDEN TREASURER 0.50 X X 0 0 0 ROBERT CAMPBELL DIRECTOR 0.50 X 0 0 0 SAM WEAVER DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 1222977 1222977 RENTAL INCOME 531110 557802 557802 557802 98261 98261 MANAGEMENT FEE REFUND 531110 27179 27179 TENANT CHARGES 531110 8046 8046 LAUNDRY & VENDING 531110 7223 7223 275 275 42723 1921763 557802 0 140984 126562 126562 102 102 6960 6960 1842 1842 32321 32321 3979 3979 565293 565293 10981 10981 5596 5596 48944 48944 4211 4211 MTG CO EMPLOYEE CHARGEB 208634 208634 BAD DEBTS 1221 1221 1016646 615458 401188 0 964874 1803380 10303 10593 1515 1635 4576998 4003743 569695 573255 1198782 1264705 56212 56132 2801381 3709700 23089 28310 511 243 105769 104018 129369 132571 X 2672012 3577129 2672012 3577129 2801381 3709700 905117 0 X X 0 1 X 1 1 1 X 480447 485361 498527 849114 1222977 3536426 469473 480801 485343 509076 557802 2502495 949920 966162 983870 1358190 1780779 6038921 0 0 0 6038921 6127 4096 1301 36262 98261 146047 6127 4096 1301 36262 98261 146047 15995 15516 15120 20079 42723 109433 972042 985774 1000291 1414531 1921763 6294401 0.95940 0.97420 0.02320 0.00990 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES, AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196000 196000 3623268 3365515 257753 397498 300407 97091 216444 199971 16473 143788 137850 5938 573255 MORTGAGE ESCROW DEPOSITS 68369 C RESERVE REPLACEMENT FUND 1196336 C 1264705 SECURITY DEPOSITS 55296 ACCRUED WAGES PAYABLE 15459 ACCRUED PAYROLL TAXES PAYABLE 1120 MISC. CURRENT LIABILITIES 32143 104018 X 1921763 0 1921763 0 1921763 1008978 0 1008978 7668 7668 1016646 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK TO TAX DEPRECIATION EXPENSE DIFFERENCE 7,668. FORM 990, PART VI, SECTION A, LINE 3 THE ODD FELLOWS HOME FOR THE ELDERLY OF NORTH CAROLINA, INC. IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. COMMUNITY MANAGEMENT CORPORATION HAS A PROJECT OWNER'S & MANAGEMENT CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION HUD HAS APPROVED COMMUNITY MANAGEMENT CORPORATION TO MANAGE COUNTRY VILLAGE APARTMENTS. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ON GOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION SHALL BE LIMITED TO INDIVIDUALS WHO ARE EITHER (1) TRUSTEE (DIRECTOR) OF THE GRAND LODGE OF NORTH CAROLINA, INDEPENDENT ORDER OF ODD FELLOWS, OR (2) MEMBER OF THE GRAND LODGE OF NORTH CAROLINA, INDEPENDENT ORDER OF ODD FELLOWS, AND WHO HAVE THE APPROVAL OF THE BOARD OF TRUSTEES (DIRECTORS) OF THE GRAND LODGE OF NORTH CAROLINA, INDEPENDENT ORDER OF ODD FELLOWS. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS OF THE CORPORATION SHALL BE ELECTED BY THE MEMBERS OF THE CORPORATION FROM THE MEMBERSHIP. THE DIRECTORS OF THE CORPORATION MUST AT ALL TIMES BE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THIER REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C OVERVIEW OF AUDIT FUNCTION INCLUDED ON PAGE 9 IN CURRENT YEAR OTHER REVENUE: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.